Global Glass Packaging Market is estimated to reach US$59.604 billion by 2021 at a CAGR of 4.34% over the forecast period from current estimate of US$46.202 billion. Increasing alcoholic drinks consumption and growth in investment in the pharmaceutical sector will drive the demand for glass packaging solutions over the forecast period. Rising disposable income, changing lifestyle, growing demand for fruit and soft drinks are some of the other factors driving the demand for glass packaging soluti Read more...
Global liquid packaging market is projected to reach US$407.268 billion in 2022, increasing from US$321.057 billion in 2017 at a CAGR of 4.87% during the projected period. Hectic work life and changing lifestyle coupled with improving living standards and growing disposable income are some of the factors driving the liquid packaging market growth. Moreover, expanding pharmaceuticals sector with rapidly aging population further augments the liquid packaging market growth. Rising demand for packag Read more...
Asia Pacific (APAC) Glass Packaging Market is estimated to grow from US$16.171 billion in 2015 to US$22.739 billion by 2021, at a CAGR of 5.85% over the forecast period. The region will witness fastest growth as compared to other regional glass packaging markets over the next five years. Rising demand for soft drinks, growing alcohol consumption due to rise in disposable income coupled with rapid urbanization, improving standard of living and growing social acceptance of alcohol consumption espe Read more...
Europe Middle East and Africa (EMEA) Glass Packaging Market is estimated to grow from US$14.785 billion in 2015 to US$17.970 billion by 2021, at a CAGR of 3.31% over the forecast period. Factors such as growing need for environment-friendly packaging solutions and demand arising from end-use industries is boosting the market growth. Increased focus on recycling will encourage the use of glass packaging solutions, with manufacturers of these products forming strategic partnerships to cope up with Read more...
South America Glass Packaging Market is estimated to grow from US$3.696 billion in 2015 to US$5.007 billion by 2021, at a CAGR of 5.19% over the forecast period. Beer sector is a high growth market in South America and its consumption has been growing steadily over the last decade making it one of the major drivers for glass packaging market. In Argentina, awareness is being created regarding returnable bottles allowing packaging companies to reduce production costs while consumers are being ben Read more...
North America Glass Packaging Market is estimated to grow from US$11.550 billion in 2015 to US$13.888 billion by 2021, at a CAGR of 3.12% over the forecast period. Growing healthcare industry due to a large number of chronic disease patients is one of the factors driving the demand for glass packaging in the region. The glass packaging market in this region is dominated by the U.S., which accounted for more than 50% of the demand in 2015. Alcoholic drink segment will dominate the demand for glas Read more...
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